Wednesday, August 15, 2018
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Zillow to Acquire Mortgage Lenders of America

Zillow is getting into the mortgage business. On Monday, the online real estate giant announced that it is acquiring Mortgage Lenders of America, a national...

Soaring Prices, Lack of Supply, Hampered Existing-Home Sales in Q2

Rising home prices and lack of supply continued to push existing-home sales downward during the second quarter, according to the National Association of Realtors...

Fannie Mae: Rising Home Prices Chipping Away at Consumer Confidence

Rising home prices are chipping away at consumer confidence in the housing market, Fannie Mae’s Home Purchase Sentiment Index shows. The index fell in July...

CoreLogic: U.S. Home Prices Up 0.7% in June as Affordability Concerns Increase

U.S. home prices increased 0.7% in June compared with May and were up 6.8% compared with June 2017, as Washington, Nevada, Idaho and Utah...

Black Knight: Home Price Appreciation Slowing in Most U.S. Markets

Home price appreciation slowed during the three months ended in May, Black Knight’s Mortgage Monitor report shows. According to the report, two-thirds of both states...

Unemployment Hits 3.9%, Lowest in 18 Years

The U.S. economy added 157,000 non-farm jobs in July, pushing the unemployment rate down to 3.9%, the U.S. Bureau of Labor Statistics reports. Economists had...

Report Shows Millennials’ Preference For New Homes

How much do millennials prefer new homes over existing homes? According to data from mortgage software firm Ellie Mae, 91% of closed loans for millennials...

Rising Prices, Interest Rates, Starting to Affect Home Sales

As home prices continue to rise faster than wages and inflation, more Americans are finding themselves priced out of the market. In addition, it now...

Pending Home Sales Increased Slightly in June, Still Down Year Over Year

After falling in May, pending home sales increased in June, rising 0.9% to a score 106.9 on the National Association of Realtors’ (NAR) Pending...

Home Prices Hit New Highs in Q2, But Appreciation is Slowing

U.S. home prices continued to rise in the second quarter but there are signs that appreciation is slowing is some areas of the country,...

New Home Sales Fell 5.3% in June

After rebounding in May, new home sales plummeted 5.3% in June but were up 2.4% compared with June 2017, according to estimates from the...

Existing-Home Sales Fell For Third Straight Month

Existing-home sales in June were at a seasonally adjusted annual rate of about 5.38 million, down 0.6% compared with a downwardly revised 5.41 million...

Housing Starts Collapsed in June, Down 12.3%

Housing starts in June were at a seasonally adjusted annual rate of 1.173 million, a decrease of 12.3% compared with a revised 1.337 million...

Veros: Western States to Drive Home Price Appreciation Over Next 12 Months

U.S. home prices are forecast to increase 4.4% over the next 12 months, however, most of that increase will be driven by price gains...

Reports: Millennials Face Numerous Obstacles to Homeownership

Two recent reports show that millennials are facing some major hurdles when it comes to homeownership. A recent report from the Urban Institute, funded through...

CoreLogic: Despite Rising Home Prices, Renters Want to Buy

U.S. home prices increased 1.1% in May compared with April and were up 7.1% compared with May 2017 - however, rising home prices are...

Pending Home Sales Fell Again in May

Pending home sales in May fell 0.5% compared with April and were down 2.2% compared with May 2017, according to the National Association of...

Home Prices Are Hitting New Highs, But What If One Adjusts For Inflation?

U.S. home prices continued their upward trajectory in April, rising 0.3% on an adjusted basis compared with March and up 6.4% compared with April...

Freddie Mac: Lack of Inventory is Putting a Drag on Mortgage Market

A report from Freddie Mac echoes what many industry watchers have been saying for months: Lack of housing inventory poses a greater threat to...

New Home Sales Rebounded in May

After falling 11.4% month-over-month in April, new home sales in May were at a seasonally adjusted annual rate of about 689,000, an increase of...